Penny Meadow, Ashton-Under-Lyne, Oldham, Lancashire, OL6

This property represents a significant investment opportunity in the heart of Ashton-under-Lyne, currently configured as a mixed-use freehold asset. The building has undergone extensive refurbishments, making it ready for immediate occupation or leasing, with high-quality finishes throughout that enhance its appeal to potential tenants and buyers alike. Comprising a commercial unit on the ground floor and two residential units above—a self-contained one-bedroom flat and a spacious two-bedroom apartment—this property not only promises strong rental prospects but also offers opportunities for further development. The extensive basement, currently allocated for storage, presents possibilities for conversion into additional commercial space, depending on planning consent. Located within a regeneration zone where significant improvements are underway, the site benefits from high foot traffic and proximity to key amenities such as colleges and retail centers. Future enhancements could include splitting the commercial space into two smaller units—an appealing prospect given local demand—or expanding the residential offering by reconfiguring existing layouts or adding another storey (subject to planning permissions). This flexibility positions the property well within a rapidly evolving area, ensuring long-term capital appreciation alongside immediate income generation.